Delhi HC dismissed the petition filed by BharatPe
Causes tension between the two digital payment companies
The Delhi High Court dismissed a half-dozen petitions filed by Resilient Innovations, the company that operates the BharatPe digital payments platform, asking the Registrar of Trademarks to remove rival PhonePe’s ‘Pe’ device mark registrations.
The HC dismissed the petitions, noting another instance of trademark infringement involving the two companies that were pending before a separate bench of the same court.
PhonePe described the rejected applications brought by BharatPe as “frivolous and baseless” in a statement issued on Friday. the Walmart-backed fintech company claimed the motions were “nothing more than a poor attempt to divert the court’s attention away from its own misuse and infringement of PhonePe’s trademarks.”
“We are committed to taking all steps available in law to pursue our cancellation actions against the registrations obtained by PhonePe for the device mark of ‘PE’ in Devanagari script, which has so far been unsuccessfully asserted by PhonePe against Resilient (parent of BharatPe) before various courts and forums,” A spokesperson from BharatPe said
As part of ongoing tensions between the two digital payment companies, BharatPe filed petitions in the Delhi High Court last month to cancel several registrations held by PhonePe Pvt Ltd for the ‘Pe’ device mark in Devanagari script.